What will happen to oil prices with this in the Middle East?
The new president and his team, however, are taking calculated steps to drastically redirect the trend of the Middle East. As a p**********l candidate, one of Joe Biden’s central foreign policy points was undoing many of Trump’s policies.
Regarding Iran, Biden vowed to re-enter nuclear talks with the Ayatollahs and carve out a new deal to replace the one nixed by his predecessor, taking up again the appeasement model supported by Europe and the old Washington establishment. Equally disturbing is Biden’s strategy of sidelining major U.S. allies in an attempt to redefine America’s involvement in the region.
Less than three months into his term, the danger of Biden’s Middle East strategy has already begun to draw criticism. Recently, former White House Envoy to the Middle East, Jason Greenblatt spoke out on what he sees as destabilizing actions taken by Biden in recent weeks that will ultimately serve to undermine U.S. interests in the long term. Biden’s “approach is extremely dangerous to Middle East stability,” said the former diplomat. According to Greenblatt, Biden’s strategy is a clear path to both emboldens the most aggressive actors in the region while shunning one of America’s most important allies in the region: The Kingdom of Saudi Arabia.
One of his first acts as president was to end American support for the Saudi-led war in Yemen, putting an abrupt halt to years of U.S. involvement in that conflict. This move has pretty drastic consequences for the Saudis. Not only does it undermine their efforts to put down rebel forces in the country, but it also endangers the Saudi homeland and critical infrastructure. For years, the Iranian-backed Houthi m*****as that control much of Yemen today, have launched dozens of attacks on Saudi assets on land and sea. The most recent was reported on 8 March when an explosive-laden drone and a ballistic missile launched by the rebels targeted Saudi Arabian oil facilities in two separate locations.

https://www.albawaba.com/opinion/biden-dont-leave-saudi-arabia-out-cold

What will happen to oil prices with this in the Middle East?
The new president and his team, however, are taking calculated steps to drastically redirect the trend of the Middle East. As a p**********l candidate, one of Joe Biden’s central foreign policy points was undoing many of Trump’s policies.
Regarding Iran, Biden vowed to re-enter nuclear talks with the Ayatollahs and carve out a new deal to replace the one nixed by his predecessor, taking up again the appeasement model supported by Europe and the old Washington establishment. Equally disturbing is Biden’s strategy of sidelining major U.S. allies in an attempt to redefine America’s involvement in the region.
Less than three months into his term, the danger of Biden’s Middle East strategy has already begun to draw criticism. Recently, former White House Envoy to the Middle East, Jason Greenblatt spoke out on what he sees as destabilizing actions taken by Biden in recent weeks that will ultimately serve to undermine U.S. interests in the long term. Biden’s “approach is extremely dangerous to Middle East stability,” said the former diplomat. According to Greenblatt, Biden’s strategy is a clear path to both emboldens the most aggressive actors in the region while shunning one of America’s most important allies in the region: The Kingdom of Saudi Arabia.
One of his first acts as president was to end American support for the Saudi-led war in Yemen, putting an abrupt halt to years of U.S. involvement in that conflict. This move has pretty drastic consequences for the Saudis. Not only does it undermine their efforts to put down rebel forces in the country, but it also endangers the Saudi homeland and critical infrastructure. For years, the Iranian-backed Houthi m*****as that control much of Yemen today, have launched dozens of attacks on Saudi assets on land and sea. The most recent was reported on 8 March when an explosive-laden drone and a ballistic missile launched by the rebels targeted Saudi Arabian oil facilities in two separate locations.

https://www.albawaba.com/opinion/biden-dont-leave-saudi-arabia-out-cold

Energy Prices Retreat on a Stronger Dollar and Concern Higher Prices will Spur an Increase in U.S. Crude Output
Barchart - 5 minutes ago
Apr WTI crude oil (CLJ21) this morning is down -1.23 (-1.87%), and Apr RBOB gasoline (RBJ21) is down -4.94 (-2.30%).

03/15/2021
Crude oil and gasoline prices this morning are moderately lower. A stronger dollar today is undercutting energy prices. Crude prices are also under pressure today on signs the recent rally in crude has prompted an increase in U.S. shale-oil crude production.
Global economic data today was mostly supportive of energy demand and crude prices. The U.S. Mar Empire manufacturing index rose +5.3 to an 8-month high of 17.4, stronger than expectations of 15.0. Also, China's Feb industrial production rose +35.1% year-to-date y/y, stronger than expectations of +32.2% year-to-date y/y. In addition, China's Feb retail sales rose +33.8% year-to-date y/y, stronger than expectations of +32.0%. On the negative side, Japan Jan core machine orders fell -4.5% m/m, the biggest decline in 7 months but better than expectations of -5.5% m/m.
https://www.barchart.com/futures/quotes/CLJ21/futures-prices

Gasoline up 6.26 cents.
According to Deutsche Bank's Joe LaVorgna, every one-cent change in the price of a gallon of gas is worth approximately $1 billion in annual US household energy expenditures.
CLK21 Crude Oil WTI (May '21) 61.45s+2.29
RBK21 Gasoline RBOB (May '21) 2.0223s+0.0626 = $2629.92 per futures contract.
May WTI crude oil (CLK21) Thursday closed +2.29 (+3.87%), and May RBOB gasoline (RBK21) closed +6.26 (+3.19%).
Crude oil and gasoline prices rallied after OPEC+ at its monthly meeting decided to just slowly reduce its production cuts. The market seems to be confident that global oil demand will increase faster than OPEC+ is increasing supply, suggesting that global oil inventories will continue to tighten. OPEC+ decided to add 350,000 BPD in May and again in June, and then increase supply by 450,000 BPD in July. That includes Saudi Arabia's slow trimming of its recent 1 million BPD production cut.
Oil prices also saw support Thursday from the rally in the stocks and the weak dollar. Oil prices were also boosted by news that the March U.S. ISM manufacturing index rose +3.9 points to 64.7, which was a 37-year high and indicated near-euphoria in the manufacturing sector. On the negative side, Thursday's unemployment claims report showed a weaker U.S. labor... Read more
https://www.barchart.com/futures/quotes/RBK21/futures-prices

Unfortunately, that IS what is happening all over the country in every state. The government is taking over control of everything. Gas where I live in upstate NY is at an average of $2.98, and once it goes over the $3.00 mark and people start accepting that, it will continue slowly up and up.

How is it that it's good for the economy to force people to stop driving? To quit their jobs because unemployment pays better? To depend on Medicare for their health, and the government for food, housing and everything else they need to live? And yet government dependence is starting to become the only way a lot of people are living now...and it's going to get worse. Because that's the Dems WANT it to be!

I ask myself how can Biden ask taxpayers to pay for the millions of i*****l a***ns flowing across the borders...for people who are unemployed (and want to stay unemployed) and for the health, housing and education costs of all those people who are not working? They're not making any income.....they won't be paying income taxes...where does he think he's going to get the money for the trillions of dollars he is currently proposing to spend? And that's just here...what about all the money America invests in other countries? And this is what he's done in only three months...it boggles the mind what this country will look like in a year if it continues this way.